![IndiaNEWS](https://hashkaro.com/images/player/000default.jpg)
: Apple shoots beyond the trillion market cap briefly #IndiaNEWS #Apple The market cap of Apple finally crossed the -trillion mark, more than a year after surpassing the -trillion mark. Shortly
Apple shoots beyond the trillion market cap briefly #IndiaNEWS #Apple
The market cap of Apple finally crossed the -trillion mark, more than a year after surpassing the -trillion mark.
Shortly after hitting the -trillion milestone late on Monday, the market cap dipped again a bit during the day. The Apple stock closed at 2.01.
In order to officially designate Apple as the first publicly-traded company to have the -trillion valuation, the market cap must be above the -trillion mark when the market closes after the days trade, reports The Verge.
Apple surpassed the -trillion mark three years ago.
The momentous growth has come owing to the success of iPhones and other products despite supply constraints.
In India, Apple doubled its Indian market share in its fiscal year that ended on September 30, 2021, according to CEO Tim Cook.
Apple estimated that supply constraints had around a billion revenue dollar impact-driven primarily by industry-wide silicon shortages and Covid-related manufacturing disruptions.
Even so, we set an all-time record for Mac and quarterly records for iPhone, iPad, Wearables, Home and Accessories representing 30 per cent year-over-year growth in products, Cook had said during an earnings call with analysts in October.
During fiscal 2021, we earned nearly one-third of our revenue from emerging markets and doubled our business in India and Vietnam, he added.
The festive seasons (Q4) full impact will be reflected in the next quarter and experts believe that iPhone 13 and 12 are likely to lead within the portfolio globally, including India.
Apple isnt the only company in the trillion-dollar club. Amazon, Google parent company Alphabet, Microsoft, and Tesla all have market caps exceeding trillion.
Stock Market NEWS Best intraday tips Intraday Stocks below 100
0 Reactions React
More posts by @IndiaNEWS
![IndiaNEWS](https://hashkaro.com/images/player/000default.jpg)
: Road To 2022: How to account the rising inflation in the media mix for the New year #IndiaNEWS #Road To 2022 Prices across sectors will be soaring in 2022 resulting in a sharp spike in the inflation
0 Reactions React
![IndiaNEWS](https://hashkaro.com/images/player/000default.jpg)
: Yellophant Digital bags digital mandate for Beleaf Organics #IndiaNEWS #Industry Updates As per the mandate, Yellophant Digital will manage the overall digital marketing strategy, ranging from executing
0 Reactions React
0 Comments
Sorted by latest first Latest Oldest Best
Terms of Use Create Support ticket Your support tickets Powered by ePowerPress Stock Market News! Top Seo SMO © hashkaro.com2024 All Rights reserved.